Anacomp Hires Allen & Co.
To Explore Sale or Merger

POWAY, Calif. -- Anacomp Inc., a provider of digital document-management services, said it hired New York investment bank Allen & Co. to explore selling or merging the company.

"Most of our institutional shareholders came in at the time Anacomp was in Chapter 11 [bankruptcy reorganization] in 1996," Chief Executive Ralph W. Koehrer said. "And frankly, it is probably time for them to monetize their gain."